Offshore
Photo
Morning Brew ☕️
Could we see Beyonce hit the "She's Buff" dance real soon?

Probably not, but Beyonce and her entire music catalog are now on TikTok. In less than 24 hours after joining, Beyonce has amassed over 3.5 million followers, and highlights how important TikTok has become for artists. https://t.co/CJG0eNGuf3
tweet
Offshore
Photo
Frederik Gieschen
Jim Simons wasn't the first one to build a campus of researchers and traders to try and beat the market.

In the 1970s, Helmut Weymar founded Commodities Corporation, a “trading university” which spun out, seeded, or influenced many traders like Bruce Kovner and Paul Tudor Jones. https://t.co/X7cxZnpdHR
tweet
Dalius - Special Situation Investments
$VG merger approved by the CFIUS.

+14% merger arb gains in 2 months.

This is what we said to SSI subscribers:
- Ericsson's CEO is optimistic and reiterated the expected merger closing in H1 2022/
- Till the recent general market sell-off, the spread used to be around 5% only.
tweet
Offshore
Photo
Morning Brew ☕️
pretending to take notes in the meeting https://t.co/E5AYbbDXGh
tweet
Special Situations 🌐 Newsletter (Jay Singh III)
RT @DLineMinutes: 3/4s of the advance last month was due to goods, especially energy.

Prices of goods climbed 2.4% in June, the most in three months.

Prices of goods rose a record 17.9% YoY.

Services prices gained 0.4% or 7.7% YoY, after a bigger 0.6% gain in May.

#inflation #rates #growth https://t.co/OXrGD3QwEy
tweet
Special Situations 🌐 Newsletter (Jay Singh III)
RT @eliant_capital: Translation: Demand is slowing. $TSLA https://t.co/ZnfScmPXC4
ELON MUSK SAYS "IF INFLATION CALMS DOWN, WE CAN LOWER PRICES FOR CARS" - TWEET
$TSLA
- *Walter Bloomberg
tweet
Special Situations 🌐 Newsletter (Jay Singh III)
*UK TO OFFER COVID BOOSTER TO EVERYONE 50 AND OVER AS CASES RISE $PFE $NVAX $MRNA $JNJ
tweet
Special Situations 🌐 Newsletter (Jay Singh III)
From $C Citi earnings call. FICC trading beat, exiting Russia, grew mkt share Corp Cred Cards

More important: The CET1 ratio of 11.9% is 50 basis points above 1Q and above the reg requirement of 10.5%. Mason said Citi expects to build to a CET1 target of around 13% by mid-2023.
tweet
Special Situations 🌐 Newsletter (Jay Singh III)
Nice earnings from $C, but never forget that just a couple years ago, Citigroup accidentally sent a whopping $900 million to creditors of the cosmetics giant $REV Revlon (now bankrupt) when it was supposed to just be making a small interest payment.
tweet
Offshore
Photo
Special Situations 🌐 Newsletter (Jay Singh III)
Next Atlanta Fed GDPNow update on Tuesday, July 19th:

US GDP estimate for 2Q22, now -1.5%, thx @Ryancerfus https://t.co/vmT3oI6FSw
tweet
Offshore
Photo
Special Situations 🌐 Newsletter (Jay Singh III)
Blue Apron $APRN burning almost all its cash according to sell side estimates --> $52.8mn according to consensus. Will it need to raise equity? https://t.co/gZU7NtzgZy
tweet
Offshore
Photo
Morning Brew ☕️
Even with inflation rates on the rise, U.S. shoppers boosted retail spending in June by 1%. https://t.co/22Ol72Jk2K
tweet